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OLD MUTUAL DYNAMIC BOND A - Fund overview

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Overview of OLD MUTUAL DYNAMIC BOND A

A focused, hybrid bond portfolio investing in high yield and investment grade bonds and quasi equity securities, managed to maximise total returns, with the intention of at least matching cash returns. Income is distributed on a monthly basis.

Standard Initial Charge

3.50% 0.00%

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Fund summary

Sector	£ Strategic Bond
Product type	OEIC
Launched	September, 2004
Size	£30m
Yield	3.2%
Charging basis	INCOME
Dividends paid	Last day of each month
Bid price(inc)	37.55p
Bid price(acc)	54.55p

Fund Charges

Standard Initial charge	3.50%
Initial charge via Bestinvest	0.00%
Additional bid/offer spread	1.44%
Annual management charge	1.25%
Total expense ratio	1.44%
Reduction in yield (10yr)	1.58%

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No information available.

Portfolio

old mutual dynamic bond a asset allocation illustration

Allocation		Proportion

	Equity	0%
	High yield bonds	47%
	Quality bonds	44%
	Property	0%
	Commodities	–
	Hedge	–
	Fund cash	9%

No data available.

View all performance data for OLD MUTUAL DYNAMIC BOND A

Investment process

The fund aims to maximise total returns by investing primarily in Pan European fixed income debt, variable and zero rate bond investments, and convertible securities.
All non sterling exposure will be hedged. The portfolio is concentrated, investing only in high conviction ideas. There is no formal benchmark or neutral weighting, instead weightings by credit quality will be determined purely on a relative value basis.
Strategy meetings are held on a monthly basis with senior members of the OMAM fixed income team to review top down factors, stock selection meetings are held weekly. Egan retains full control over the portfolio structure - there is no committee decision making process. The primary driver of returns is expected to be asset allocation through anticipation of the credit cycle. Changes at this level are expected to be relatively gradual, whilst portfolio stock selection will be more dynamic.

The value of your investments and the income from them can go down as well as up and you can get back less than you originally invested. Any yields quoted cannot be taken as a reliable indicator of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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